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How do I determine the right length of time for a term life policy?

April 26, 2017determine LENGTH life policy right term time

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How do I determine the right length of time for a term life policy?

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Part of this is determined by your budget and part of this is determined by how close you are to retiring. If you can afford it and you have longer than 20 years to retirement you should purchase a 20 year (or longer) term. The goal is to have a term policy to take you through to retirement when you can convert to a universal life policy.